A guest post by Ovi
All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM. After the production charts, an analysis of three EIA monthly reports that project future production is provided. The charts below are updated to June 2021 for the 10 largest US oil producing states.
About the only place where properly audited estimates for OPEC’s claimed reserves are available is sub-Saharan Africa, principally Nigeria and Angola, but with Congo, Equatorial Guinea and Gabon as minor players. Except for some on-shore legacy production in Nigeria most of the fields are partly owned and wholly operated by western IOCs that are required to provide accurate estimates for reserves and revisions for SEC and other financial reports.
In the 10-k or 20-f reports the estimates are presented geographically with Africa seprated out and, usually, sub-Saharan Africa separated from North Africa, which is typically lumped with the Middle East (in which the IOCs now have little direct ownership in OPEC countries).
The OPEC Monthly Oil Market Report for August 2021 was published this past week. The last month reported in each of the charts that follow is July 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the charts that follow the blue line is monthly output and the red line is the centered twelve month average (CTMA) output.
The OPEC Monthly Oil Market Report for July 2021 was published this past week. The last month reported in each of the charts that follow is June 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the charts that follow the blue line with markers is monthly average output and the red line without markers is the centered twelve month average (CTMA) output.
The OPEC Monthly Oil Market Report for June 2021 was published this past week. The last month reported in each of the charts that follow is May 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the charts that follow the blue line with markers is monthly average output and the red line without markers is the centered twelve month average (CTMA) output.
